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$ 489,000
Est. payment | /mo
2,559 Sqft Lot
$ 489,000
Est. payment | /mo
2,559 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26834307
HOA Y/N No
Year Built 1924
Lot Size 2,559 Sqft
Acres 0.06
Property Sub-Type OTHER
Property Description
Rare RTI development opportunity in South Los Angeles, shovel-ready & priced to move. This cleared corner lot at San Pedro St and E 82nd Place offers City-approved plans for a 2-story, 4-unit residential project (2 primary units + 2 ADUs), with onsite parking included. At approximately 2,558 SF and zoned R3, the site is ideally suited for a small developer or investor-operator looking to build & hold for income. Projected Section 8 rental income of $2,041/unit/month (current HACLA 0BR for 90003) translates to approximately $97,968 in gross annual income. New construction ADUs are RSO-exempt for 30 years. Permits are in hand so no entitlement risk & no waiting to build here. The dual street frontage adds curb presence & flexibility. Don't miss this ready-to-build income play in a high-demand South LA submarket.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating None
Cooling No Air Conditioning
Fireplace No
Building
Lot Description Other
New Construction No
Others
Tax ID 6030006032
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Listed by Jonathan Rawson • Avenue Realty Group
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